Name: What Is IRMAA and How to Avoid It
Uploaded: 2022-10-08T14:00:16+00:00
Duration: 45 min 48 s
Description: If your income is above certain thresholds leading up to or in retirement, you may be required to pay a higher amount for your Medicare parts B and D. This charge is known as IRMAA, or Income Related

1 year ago

If your income is above certain thresholds leading up to or in retirement, you may be required to pay a higher amount for your Medicare parts B and D. This charge is known as IRMAA, or Income Related Monthly Adjustment Amount, and can increase what you pay for Medicare. Were explaining how this works and how you can avoid its impact in this episode of the Wise Money Show.

Have a question you want to be answered on the show? Call or text 574-222-2000 or leave a comment!

Want to speak with a Certified Financial Planner™? Visit https://www.korhorn.com/ or call 574-247-5898.

Find more information about the Wise Money Show™ at https://www.korhorn.com/wise-money-show

Be sure to stay up to date by following us!
Facebook - https://www.facebook.com/WiseMoneyShow
Instagram - https://www.instagram.com/wisemoneyshow/
Twitter - https://twitter.com/WiseMoneyShow

Want more Wise Money™?
Read our blog! https://www.korhorn.com/wise-money-blog
Listen on Podcast: https://link.chtbl.com/WiseMoney
Subscribe on YouTube: http://www.youtube.com/c/WiseMoneyShow

Kevin Korhorn, CFP® offers securities through Silver Oak Securities, Inc., Member FINRA/SIPC. Kevin offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. KFG Wealth Management, LLC dba Korhorn Financial Group and Silver Oak Securities, Inc. are not affiliated. Mike Bernard, CFP® and Joshua Gregory, CFP® offer advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.

Intro: (0:00)
Segment 1: (0:11)
Break 1: (9:24)
Segment 2: (11:54)
Break 2: (21:08)
Segment 3: (21:46)
Break 3: (31:01)
Segment 4 (32:28)
Outro: (45:26)

Loading comments...